Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) CFO Peter Henry Oey sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3.60, for a total value of $180,000.00. Following the sale, the chief financial officer directly owned 6,853,470 shares of the company’s stock, valued at approximately $24,672,492. This represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peter Henry Oey also recently made the following trade(s):
- On Monday, June 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.53, for a total value of $176,500.00.
Grab Trading Down 0.9%
NASDAQ:GRAB opened at $3.48 on Friday. Grab Holdings Limited has a 12-month low of $3.18 and a 12-month high of $6.62. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $3.62 and its 200-day simple moving average is $3.75. The firm has a market cap of $14.26 billion, a P/E ratio of 58.01, a PEG ratio of 0.92 and a beta of 0.89.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GRAB. Weiss Ratings lowered shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Barclays lowered their price objective on Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. cut their target price on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Benchmark restated a “buy” rating on shares of Grab in a research note on Tuesday, August 4th. Finally, China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Grab has a consensus rating of “Moderate Buy” and a consensus target price of $6.01.
Get Our Latest Stock Analysis on Grab
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its holdings in shares of Grab by 201.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock worth $160,000 after acquiring an additional 23,639 shares during the period. Goldman Sachs Group Inc. increased its stake in Grab by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock valued at $41,817,000 after purchasing an additional 529,433 shares in the last quarter. Empowered Funds LLC raised its holdings in Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after purchasing an additional 3,090 shares during the last quarter. Focus Partners Wealth acquired a new position in Grab during the first quarter worth $63,000. Finally, Cetera Investment Advisers boosted its position in Grab by 11.7% during the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock worth $537,000 after purchasing an additional 11,158 shares in the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.
Grab Company Profile
Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.
Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.
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